The Most Affordable Neighborhoods in Otter Creek, FL by Home Value

 

Otter Creek, FL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Otter Creek area can be challenging. Home prices in Otter Creek are now at a median cost of $118,908, lower than the Florida average of $278,762.

The average cost of rent is $745/mo in Otter Creek, primarily driven by the current value of real estate in the Otter Creek area. While nearly 48.66% of residents own their homes outright in Otter Creek, 33.67% rent.

Housing affordability isn’t just about home prices, though. The average household income in Otter Creek is $3,408 per month. Households that rent pay about 21.87% of their income on rent here. Otter Creek's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.


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